Which best exemplifies a subjective probability?
A)The probability that a female age 30 will have an accident in a week's car rental at Hertz
B)The probability that a pair of dice will come up 7 in a given throw
C)The probability that the summer Olympic games will be held in Chicago in 2020
D)The probability that a checked bag on Flight 1872 will weigh more than 40 pounds

Question

Quizplus · Accepted Answer

Subjective probability is based on personal judgment or opinion rather than on precise mathematical calculations or objective data. The probability that the summer Olympic games will be held in Chicago in 2020 is a subjective probability because it depends on various uncertain factors and personal beliefs or information available at the time the probability is assessed. Choices A, B, and D can be estimated using objective data or mathematical calculations, making them examples of objective probabilities.

Which Best Exemplifies a Subjective Probability